Daily News

New admin system for brokers allows for paperless policies, mobile updates

Insurance wholesaler Affiliated Brokers Exchange Ltd. (ABEX) has teamed up with Insurance Technology Solutions Inc. to offer a new policy administration system that allows for paperless policy issuance, among other capabilities.
Jun 18, 2013 10:15PM


Budget reforms a good first step, but more changes needed to hit Ontario auto premium cut

It may be necessary to contemplate additional reforms if the Ontario government expects to be able to soon fulfill its promise to cut insurance premiums by an average of 15%, one industry leader suggests.
Jun 18, 2013 10:07PM


New course focuses on leadership challenges in Canada's P&C industry

The Insurance Institute has announced its final “capstone” course for the Fellow Chartered Insurance Professional Program (FCIP).
Jun 18, 2013 12:52PM


XL launches new environmental coverage for operators at North American airports

XL Group plc's (NYSE: XL) environmental business segment is offering pollution insurance protection for Fixed Base Operators at North American airports.
Jun 18, 2013 12:24PM


Toronto street tops worst roads list for Ontario

Toronto roads took four of the 10 spots on CAA’s Worst Roads List, with Dufferin Street making the list for the seventh time in total.
Jun 18, 2013 11:54AM


April storm in New Zealand caused $36 million in insured damage

A storm that hit New Zealand in late April has caused more than $36 million in insured damage, the Insurance Council of New Zealand reported Tuesday.
Jun 18, 2013 10:54AM


U.S. insurance execs acknowledge need to modernize core systems

Two-thirds of the approximately 200 insurance executives taking part in a survey earlier this month say they are dealing with aging legacy systems, a situation that SAP AG suggests is a prevailing hindrance to reaching new markets and managing...
Jun 18, 2013 9:27AM


New Solvency II proposals won't settle disputes on capital levels: Fitch

The European Insurance and Occupational Pensions Authority (EIOPA) has released its recommendations on “long-term guarantee products” in the Solvency II regime, but one firm says the proposals aren’t enough to cool disputes...
Jun 17, 2013 3:00PM


Hannover Re estimates Europe flood loss of above 100 million euros

While it’s still too early to have a precise estimate of insured losses from flooding in central Europe, Hannover Re said it estimates its net loss could exceed 100 million euros.
Jun 17, 2013 2:00PM


Ontario appeal court rejects bid to force carriers to cover asbestos claims

The Ontario Court of Appeal last week ruled in favour of seven insurance carriers who had written liability policies between 1969 and 1980 for Goodyear Canada Inc., whose U.S. parent is facing asbestos-related lawsuits.
Jun 17, 2013 1:37PM


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